IEA Birol Urges Iraq‑Turkey Pipeline, 90% Hormuz

IEA Executive Director Fatih Birol recommends building a Basra‑Ceyhan oil pipeline to bypass the Strait of Hormuz.
About 90% of Iraq’s oil exports currently transit through Hormuz, making the waterway a critical bottleneck.
Birol says financing could be supported by Europe and stresses need for Ankara‑Baghdad political agreement.
Iran has re‑imposed vessel restrictions after briefly declaring the channel open, heightening regional energy insecurity.